Before proceeding, users should have first included all expenses and resolved any properties with excess expenses.
Withholding tax will only be deducted where the landlord's residency is set to Abroad and Deduct withholding tax is ticked within their landlord record.
To deduct withholding tax:
Navigate to Lettings properties > Property balances
From the left sidebar, select Deduct ALL withholding tax
A system confirmation message will appear; click OK to proceed
Users will be directed to a new page that confirms how many withholding tax items have been deducted.
Note: This is calculated at 20% of the landlord’s available income minus expenditure.
Once actioned, users can proceed to the next step - Previewing statements